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Small stays, big margins: Inside MMT's pivot

Mint Mumbai

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October 24, 2025

extent. Airbnb is the market leader when it comes to homestays in India, said VIDEC's Jain, followed by MakeMyTrip and Booking.com.

On the supply-side, the hotels sector runs the risk of disputes around contract clauses, and at times, payments. In 2022, based on a complaint filed by the Federation of Hotel and Restaurant Associations of India, the Competition Commission of India held MakeMyTrip-Goibibo and OYO guilty of unfair business practices, and slapped a fine of ₹223.48 crore on the former. One of the key issues was that MakeMyTrip-Goibibo had imposed price parity on hotel partners. Price parity clauses bar hotels from offering their rooms at lower prices, or on better terms, on their own websites or on other platforms. The appeal process is ongoing.

"High commission structures remain a major friction point between OTAs and hotels," said Lamba.

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